Banks FAB completes legal merge of assets for Bank Audi Egypt with $10bn Nada Ali Jun 13, 2022 0 First Abu Dhabi Bank - Egypt (FAB) announced on Sunday that it obtained the final approvals from the regulatory…
Money FAB completes share transfer process to acquire Bank Audi Egypt Amwal Al Ghad English May 6, 2021 0 First Abu Dhabi Bank (FAB) announced on Wednesday that it had completed the share transfer process to acquire 100%…
Money EFG Hermes completes advisory on Bank Audi Egypt’s sale to First Abu Dhabi Bank Islam Salah & Gehad Abdelghany May 6, 2021 0 Egyptian investment bank EFG Hermes announced on Wednesday that it had completed advisory to Bank Audi on its sale…
Money First Abu Dhabi Bank’s market share to increase 5% after Bank Audi Egypt acquisition Maha Essam Apr 13, 2021 0 First Abu Dhabi Bank’s market share in Egypt will be reaching 4-5 percent after completing its acquisition of Bank…
Money Bank Audi-Egypt seen 16.7% in net profits during 2020 Mostafa Mahmoud Jan 31, 2021 0 Bank Audi – Egypt has seen net profit before taxes of 2.1 billion pounds at the end of December 2020 with an…
Banks First Abu Dhabi Bank signs definitive deal to acquire Bank Audi’s Egyptian unit Amwal Al Ghad English Jan 20, 2021 0 First Abu Dhabi Bank (FAB) has signed a definitive agreement for the acquisition of 100 percent share in Bank…
Money First Abu Dhabi Bank to finish due diligence on Bank Audi’s Egyptian unit before year-end Amwal Al Ghad English Dec 8, 2020 0 First Abu Dhabi Bank (FAB) plans to complete due diligence and submit a binding offer to acquire Bank Audi’s…
Money Bank Audi Egypt says assets grow 10.6% in 9 months mohamed Hamdy Nov 19, 2020 0 Bank Audi Egypt, part of Lebanon's Bank Audi, reported on Wednesday a 10.6 percent growth in total assets for the…
Money National Investment Bank’s subsidiary acquires Bank Audi’s brokerage firm Amwal Al Ghad English Nov 19, 2020 0 NI Capital Holding, a wholly-owned subsidiary of the National Investment Bank (NIB), signed an agreement with…
Money First Abu Dhabi Bank restarts exclusive talks to buy Bank Audi Egypt mohamed Hamdy Oct 28, 2020 0 First Abu Dhabi Bank FAB.AD (FAB), the largest bank in the United Arab Emirates, has resumed exclusive talks with…
Money FAB declines to comment on media report of restarting Bank Audi Egypt takeover talks Amwal Al Ghad English Sep 8, 2020 0 First Abu Dhabi Bank (FAB) declined to comment on Monday on media reports that said the UAE lender plans to restart…
Money First Abu Dhabi Bank submits binding offer for BLOM Bank’s Egypt unit – sources Fatma Nashaat Sep 7, 2020 0 First Abu Dhabi Bank (FAB) has made a binding offer to buy the Egyptian unit of Lebanon’s BLOM Bank, sources…
Money First Abu Dhabi Bank reportedly to restart negotiations to buy Bank Audi’s Egypt unit Amwal Al Ghad English Sep 6, 2020 0 UAE's biggest lender, First Abu Dhabi Bank (FAB) plans to restart negotiations to buy the Egyptian unit of…
Money First Abu Dhabi Bank suspends talks to acquire Bank Audi’s Egyptian business amid… Ahmed ali&Mohamed Hamdy May 18, 2020 0 Given the exceptional circumstances caused by the coronavirus crisis, First Abu Dhabi Bank (FAB) has suspended all…
Money Bank Audi Egypt says employees tested positive for coronavirus Amwal Al Ghad English Apr 30, 2020 0 Bank Audi Egypt, part of Lebanon's Bank Audi, said on Wednesday one of its employees had tested positive for…
Money First Abu Dhabi Bank negotiating to buy Lebanon Bank Audi’s Egypt unit Amwal Al Ghad English Jan 22, 2020 0 First Abu Dhabi Bank (FAB), the largest lender in the United Arab Emirates, is negotiating to potentially buy the…
Money Lebanon’s Bank Audi mulls sale of Egyptian unit with right offer – CFO Amwal Al Ghad English Jan 14, 2020 0 Lebanon’s Bank Audi is studying the sale of its Egyptian unit after receiving interest from lenders, its chief…
Money Bank Audi Egypt net profit rises 6.5% in Q3 mohamed Hamdy Dec 21, 2019 0 Bank Audi Egypt, part of Lebanon’s Bank Audi, reported a 6.5 percent year-on-year rise in quarterly net profit on…
Banks Bank Audi Egypt wins two EMEA Finance awards Yomna Yasser Aug 27, 2017 0 Bank Audi SAE, the Egyptian arm of Lebanon’s Bank Audi, has won two prizes from EMEA Finance; “The Best Project…
Banks Bank Audi Egypt, European Investment Bank sign MOU for $30mn-loan Yomna Yasser Mar 14, 2017 0 Bank Audi Egypt signed a memorandum of understanding (MOU) with the European Investment Bank to obtain a loan of…
Banks Bank Audi raises 3 bln Egyptian pounds from high-yield deposit certificates Yomna Yasser Jan 2, 2017 0 Egypt’s eighth largest commercial bank, Bank Audi S.A.E., has raised more than 3 billion Egyptian pounds ($165.5…
forex news Dollar vs Egyptian pound at early Saturday interbank in 20 banks Yomna Yasser Dec 31, 2016 0 The table below demonstrates the selling and buying prices of U.S. dollar against the Egyptian pound in 20 banks…
Banks Bank Audi Egypt: 9-month net profit hits 619.3 million pounds Yomna Yasser Dec 27, 2016 0 Egypt’s eighth largest commercial bank, Bank Audi S.A.E., has registered nine-month net profit of 619.3 million…
Banks Bank Audi targets more than 20% growth in Egypt within 2017 Yomna Yasser Nov 28, 2016 0 Egypt’s eighth largest commercial bank, Bank Audi S.A.E., is targeting growth rates of more than 20 percent within…
Banks Bank Audi seeks Egypt SMEs financing sixfold higher in 4 years Yomna Yasser Nov 24, 2016 0 Egypt’s eighth largest commercial bank, Bank Audi S.A.E. seeks to raise its finances for small and medium-sized…
Banks Sisi’s Long Live Egypt launches savings certificates in six banks Yomna Yasser Oct 13, 2016 0 The Long Live Egypt Fund (Tahya Misr), a fund created by Egyptian President Sisi to assist national economy, has…
Banks Three banks brace for multimillion pound loan for Cairo Business Park project Yomna Yasser Aug 24, 2016 0 An alliance of three major lenders in Egypt is set to lend property developer Misr Italia multimillion of Egyptian…
Banks Four banks mull $78.8 mln financing for Egyptian property project Yomna Yasser Jul 14, 2016 0 Four Egyptian banks are considering a multi-million Egyptian pounds finance in favour of a property project in one…
Banks Two banking consortia to offer Egypt’s Medinet Nasr $168.8 mln loan in days Yomna Yasser Jul 11, 2016 0 Egyptian property developer Medinet Nasr will receive this week two offers from two banking consortia competing to…
EGX Egyptian Capital Market Association celebrates 20th anniversary today Yomna Yasser May 17, 2016 0 The non-profit Egyptian Capital Market Association is celebrating Tuesday evening its 20th anniversary, under…
Banks EXCLUSIVE: Who’s who Egypt bank CEOs likely to leave on 9-year term limit decree Yomna Yasser Mar 24, 2016 0 The decision of Egypt's central bank on Thursday to set a 9-year term limit for all banks’ CEOs will force ten of…
Banks EBRD, Bank Audi ink $30 million deal to boost SMEs in Egypt Yomna Yasser Feb 11, 2016 0 The European Bank for Reconstruction and Development (EBRD) and Bank Audi – Egypt have signed a $30 million to…
Banks Bank Audi-Egypt, IFC sign cooperation deal to boost SME funding Yomna Yasser Feb 1, 2016 0 Bank Audi Egypt, the Egyptian arm of Lebanon-based Bank Audi, has signed Sunday a cooperation agreement with World…
Banks Bank Audi plans $1bn investments in Egypt Yomna Yasser Jan 10, 2016 0 Bank Audi Egypt is planning to invest 8 billion Egyptian pounds ($1 billion) in different sectors during 2016, the…
Financial Institutions SFD in talks with Bank Audi-Egypt over $4mn-contract for SMEs Noha Gad Jan 6, 2016 0 Egypt's Social Fund for Development (SFD) is negotiating with Bank Audi –Egypt on new contract estimated at 30…
Banks Bank Audi-Egypt launches a groundbreaking banking experience “NOVO” Noha Gad Dec 24, 2015 0 As part of its commitment to continuously offer the latest and up-to-date technological banking solution in the…
Banks Ten Egyptian banks sign $1.2bn loan deal for Siemens power plants Yomna Yasser Dec 21, 2015 0 A group of 10 major banks has signed one of the biggest financing deals in Egypt’s energy sector, amounting to 10…
Banks Bank Audi-Egypt reveals features of expansion plan Noha Gad Dec 20, 2015 0 Bank Audi plans to implement a powerful expansion plan in the Egyptian market in the next three years with the…
Banks Bank Audi launches first NOVO service in Egypt Noha Gad Dec 13, 2015 0 Bank Audi - Egypt has launched “NOVO” service for the first time in the Egyptian market as a way of contacting with…
Banks 10 banks to sign multi-billion Egyptian pounds loan for power projects today Yomna Yasser Dec 13, 2015 0 A consortium of Egyptian and Arab banks will sign Sunday a 10 billion Egyptian pounds (US$1.27 billion) finance…